Input Tax Credit Claim in GST: The input tax credit (ITC) has been one of the key highlights of the Goods and Services Tax (GST) launched in the country as a major reform to the tax structure.

Goods and services tax (GST): Registered taxpayers won't be able to claim any pending input tax credit if they don't file their GST return by November 30, 2024 for FY 2024-25. CBIC said, "The ...

Understand the complexities of Input Tax Credit (ITC) under GST. This overview explores how the system functions as both a benefit and a burden for ...

The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC) in key sectors risks raising costs for businesses and, ultimately, ...

The Group of Ministers (GoM) on insurance is in favour of scrapping GST on premium paid for buying individual health and life ...

The textile and apparel sector may face a short-term liquidity crunch following the transition to new GST rates from ...

Taxpayers can file GST-related complaints on the Goods and Services Tax portal and report issues, including fake GST invoices.